As overall market witnessed selling pressure on Friday, Palantir, NVIDIA, Meta, Apple and many other technologies stocks faced massive decline. Palantir Technologies faced 4.35 percent decline on Friday. Palantir Technologies (NASDAQ: PLTR) is no longer just a defense contractor with a data analytics side hustle — it has become one of the most electrifying AI infrastructure plays on Wall Street. In Q1 2026, the company posted 85% year-over-year revenue growth, reaching $1.633 billion, while U.S. commercial revenue surged 133% year-over-year.